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TotalEnergies CEO Warns Of Potential Energy Shortage

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The head of TotalEnergies warned that France could face an energy shortage if the blockade in the Strait of Hormuz persists for several months. He noted that countries including China, India, Vietnam, and Thailand are already experiencing such shortages due to their dependence on hydrocarbon traffic through the strait. A closure of the Strait would result in a loss of approximately 10,000 barrels. Airlines report that kerosene costs have risen from 25% to 40% of ticket prices. Flight cancellations have already occurred, and overall reservations have decreased by 30%. The French Economy Minister is meeting with the aviation sector to address potential kerosene shortages. While no shortages occurred in April, officials are monitoring risks for the coming months. France currently imports 20% of its kerosene from the Gulf region.

The head of TotalEnergies warned that France could face an energy shortage if the blockade in the Strait of Hormuz persists for several months. He noted that countries including China, India, Vietnam, and Thailand are already experiencing such shortages due to their dependence on hydrocarbon traffic through the strait. A closure of the Strait would result in a loss of approximately 10,000 barrels. Airlines report that kerosene costs have risen from 25% to 40% of ticket prices. Flight cancellations have already occurred, and overall reservations have decreased by 30%. The French Economy Minister is meeting with the aviation sector to address potential kerosene shortages. While no shortages occurred in April, officials are monitoring risks for the coming months. France currently imports 20% of its kerosene from the Gulf region. To mitigate supply risks, the government has authorized French refineries to increase refining capacity. This warning comes as fuel prices reach their highest levels. The statement was made during a discussion on the program 'Les Vraies Voix'. The French government is being questioned on its preparedness for this scenario.

Topics

energy crisis TotalEnergies energy security

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Sources · 7 independent

Bluesky Social

“Le patron de TotalEnergies alerte sur une possible « ère de pénurie énergétique » en France si rien ne change d’ici « deux ou trois mois »”

Iran International

“the president of Total France said that if the Strait of Hormuz is not open, France will face an energy shortage in two years.”

BFM Radio

“a tout de suite compris qu'il y avait quelque chose, une fusillade.”

France Info

“conférence de presse dans la foulée de ces événements et de l'arrestation.”

Bloomberg Radio

“amazon will never make money intuitive surgical when i first recommended it”

ERT Proto

“εξαρτήτως του τι παιχνί θα παίζουν οι Μεσάζοντες, του χρόνου στουράφι καταλαβαίνετε”

Radio Romania

“bine. Am fost atât din soare, ramunesc cu noi, nu mai bine.”

France Culture

“une dizaine, quinzaine d'années. Et donc si vous voulez, vous avez comme...”

Vesti FM

“проявили, ну так скажем, себя в литературе уже в фронтовых годах, Вронтовый.”

RFE/RL Radio Farda

“پتریک پویانه رئیس شرکت تطال فرنسه روز جمعه هشدار داد که سخت در اوروپا در چن روز آیند کهش خها دیافت.”

France Info

“si le blocage du détroit se poursuit, eh bien la France entre-règes le cite, dans une ère de pénurie énergétique pénurie que subissent déjà les pays d'Asie.”

Sud Radio

“if the situation of the Strait of Hormuz remains blocked for 3 months, we are heading towards a moment of shortage. It's totally logical.”

Sud Radio

“if the situation in the Strait of Hormuz remains blocked for 3 months, we are heading towards a moment of shortage.”

Sud Radio

“Patrick Pouyané, il faut la prendre au sérieux... si la situation du détroit d'Ormuz reste bloquée pendant 3 mois, vous nous allons vers un moment de pénurie.”

France Info

“ce que l'on entend des compagnies aériennes, c'est que le kérosène qui représentait 25% du prix d'un billet d'avion en représente 40%, ce qui a donné lieu à des augmentations de prix”

France Info

“le ministre de l'Economie va recevoir le secteur aérien... on augmente le raffinage. On a autorisé des raffineries françaises.”

Sud Radio

“Le prix des carburants est au plus haut. Le patron de Total a parlé de risque de pénurie à l'été.”

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